Company assigns overhead cost

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Reference no: EM13915787

Dapper Corporation had only one job in process on May 1. The job had been charged with $1,030 of direct materials, $3,760 of direct labor, and $6,350 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $22.20 per direct labor-hour.

During May, the following activity was recorded:

Raw materials (all direct materials):
Beginning balance	$ 7,400
Purchased during the month	$28,200
Used in production	$29,400
Labor:
Direct labor-hours worked during the month	1,710
Direct labor cost incurred	$20,691
Actual manufacturing overhead costs incurred	$34,000
Inventories:
Raw materials, May 30	?
Work in process, May 30	$15,500

Work in process inventory on May 30 contains $2,420 of direct labor cost. Raw materials consist solely of items that are classified as direct materials.

The balance in the raw materials inventory account on May 30 was:

Reference no: EM13915787

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